Account fees: The account is relatively low-cost. There’s no joining fee, and management fees are legally capped at 0.10% per year.Withdrawal rules: The funds you deposit can’t be withdrawn until the child turns 18 (unless you’re rolling over to a similar account elsewhere). After that, withdrawals are subject to standard IRA-style distribution rules, and early withdrawals will incur tax penalties.Contribution rules: Family members, friends, employers, and charitable organizations can all contribute to a ch ...